Bonus Terms & Conditions

Richfield Capital Limited – Bonus Terms and Conditions

The following Bonus terms are made and abide by and between:

Richfield Capital Limited, a Company regulated and authorised by the International Financial Services Commission of Belize, under license number IFSC/60/440/TS/15-16. The Company is registered in Belize, with registration number 156.881, having its registered address at No. 5 Cork Street, Belize (hereinafter “the Company”).

Every individual who registers with the Company and holds an active trading account and who accepts an offer from the Company to participate in any of its Bonus Programs (hereinafter “the Client”, “You” or “Trader”).

Any references in this agreement to trader/s and/or client/s are regarded to the trader/s and/or client/s of the Company.

By opening an account on www.24option.com website, you accept and agree to also comply with the terms of this agreement. Moreover, by accepting the bonus terms, you are bound by its guidelines and provisions for the duration that your existing bonus is active.

The decision whether to offer a bonus to a prospective/potential client is clearly and indisputably at the Company’s absolute and unreserved discretion. The Company will, as part of its fiduciary responsibilities, take into consideration any information you present to the Company during the application process, which includes, but is not limited to, your financial situation and your trading experience.

Trading benefits are intended for experienced traders. As per point 4 above, the Company may not directly offer such trading benefits to all Clients. If you are interested in receiving a trading bonus, you should carefully consider the Terms and Conditions below prior to requesting or accepting a bonus from the Company.

Any bonuses, promotions and benefits that are provided by the Company or any trading account are held under the Company’s Client Agreement. Clients are expected to utilize the Company’s bonus in a rightful and justified manner, according to the terms and provisions of this agreement. Should the Company under any circumstance suspect any wrongdoing or deception, the Company reserves the right to cancel bonuses, promotions or benefits that have been provided or are supposed to be provided to the specified trading account. The Company reserves the right to close the client’s account if it suspects any form of abuse or refrainment of the bonus by the client. Should this be the case, the Company’s decisions shall be final.

Eligibility to receive Trading Benefits may be restricted to one per household, account, device or computer.

In addition to Trading Benefits offered by the Company, any Client who holds a real trading account with the Company will eligible to participate in the Trading Competition. Please read the competition’s Terms and Conditions and FAQs to find out more specific information. The Leader board will generally be updated on an hourly basis, however from time to time, this period may be extended. Any prizes will be added into customer’s trading account and can be withdrawn subject to standard withdrawal requirements.

Without relation to periodic bonus programs offered by the Company, the Company offers the following trading benefit/bonus.

The following items are subject to limited supply:

Technology Bonus I (IPAD) – In order to qualify and receive the device a minimum deposit of EUR 25,000 (twenty five thousand EURO) or equivalent of “new” funds must be made to your trading account and a minimum of EUR 50,000 (fifty thousand EURO) in trading volume must be reached.

Technology Bonus II (MacBook) – In order to qualify and receive the device a minimum deposit of EUR 50,000 of equivalent of “new” funds must be made to your trading account and a minimum of one hundred thousand EURO in trading volume must be reached.

$24 New Account Bonus For Mobile Application – Any Individual who downloads the Company mobile application and registers for an account is eligible for a $24 bonus. The funds will automatically be credited to the new account upon registration. This is not a Cash offer by the Company or intended to be a Cash offer. This initial bonus offer is intended to allow new users of the mobile platform the opportunity to test the trading prior to making a deposit. Existing users of the mobile platform are not eligible for this bonus. Therefore, this bonus and its profits are not eligible for withdrawal until the user activates this account by completing the Account Verification process as per the Company’s Client Agreement, makes an initial minimum deposit into this trading account within one (1) hour of receiving the bonus and reaches a minimum trading volume of 75x the bonus amount. Limit of one (1) new account and one (1) $24 bonus per client.

Cash Bonus – The Company may offer to a trader a Cash Bonus of a certain amount. The amount is agreed with the trader and may differ from trader to trader. The bonus amount is usually associated with the amount deposited by the trader but this may not always be the case. The bonus amount may also be subject to the different trading benefits promotions that may be active at the given point in time.

Risk Free Trade – The Company may offer a special “Risk Free Trade” promotion from time to time. A Risk Free trade allows a trader the opportunity to open any trade whose amount is less than or equal to 50% of the deposited amount (“Trade Amount”) if certain conditions are met: 1. the trader notifies the account manager prior to opening the position and 2. the Trader agrees to receive the Trade Amount as a Cash Bonus. The Cash Bonus will have a minimum trading volume requirement of 50x times. For example, if $1,000 is deposited in a trading account, the trader will be eligible to open one (1) position up to a Trade Amount of $500 as a Risk Free trade after he advices the Account Manager of his intent. If the trade closes “in the money”, the trader will receive the invested amount plus the return amount as normal; however, if the trade closes “out of the money”, the trader will receive a $500 bonus to his trading account. As soon as he trades $25,000 (=$500 * 50x) in Cumulative Trading Volume the Cash Bonus will automatically become available for withdrawal.

*We do not offer this bonus for new clients.

General Gift items: The Company may offer gifts to new and/or existing Traders from time to time. Such gifts shall not be in the form of cash or bonus (trading benefit).

The Company shall make publicly available on its website and/or electronically and/or promote through its advertising campaigns, the characteristics of the promotions to be run each time and the minimum requirements (see below the types of conditions) that need to be met in order for the Traders to be eligible for the gifts. The Company reserves the right, as it in its sole discretion deems fit, to alter, amend, suspend, cancel or terminate the promotions, or any aspect of the promotions at any time.

Within 3 days after the end of each promotion, the eligible winners will be notified by e-mail and/or telephone and/or Company’s website- to the email/telephone they have specified during registration- accordingly. Gifts shall be awarded at the Company’s discretion.

Conditions:

New and/or existing Traders requirements:
Each promotion may be addressed to new or existing Traders only or both.

Minimum Deposit Requirement:
Each promotion may require a minimum deposit to be made by the Trader during the promotional period for which the offer shall be valid in order for him/her to be eligible for the gift.

Minimum Trading Volume Requirements:
Each promotion may require a minimum trading volume to be achieved during the promotional period for which the offer shall be valid in order for him/her to be eligible for the gift.

The Minimum Trading Volume Requirement refers to the minimum sum of the individual transactions that the Trader must enter in order to be eligible to receive the gift.

For example, if a Trader agrees to receive a gift at the value of one thousand ($1,000) with a multiplier of 50x, the Minimum Trading Volume Requirements will be set at fifty thousand ($50,000).

The Trading Volume is the aggregated sum of the invested amount.

In case there is an active bonus in the account then the percentage of the invested amount attributed to the bonus shall not be considered in the calculation for the Minimum Trading Volume Requirement.

Withdrawal Requests While Bonus is Active: The Company does not wish to restrict your account during the period in which you have not met trading volume requirements related to your bonus. Thus, if you request a withdrawal prior to achieving the minimum trading volume requirement, the full amount of all active bonus(es) will be deducted from the current balance of the account along with trading Profit/Losses connected to the bonus issued by the Company, in accordance with the Company’s Symmetrical Bonus Method protocols, as described in detail below. You will then be able to manage the remaining balance in your account freely.

Withdrawal Requests While Positions Are Open: The Company reserves the right to delay the processing of your withdrawal request until all Open Positions are closed. Thus, you must ensure that all Open Positions are closed/settled prior to submitting your withdrawal request.

Your participation in the Promotion is deemed to constitute your agreement that we may use your name, likeness or image for promotional purposes on our website or elsewhere without the requirement for any payment and you expressly waive any claims against us in this regard should you win the Bonus.

These terms and conditions and any matters relating hereto shall be governed by and construed in accordance with the laws of Belize and shall be subject to the exclusive jurisdiction of the Belizean courts.

General Description of the Symmetrical Bonus Method:

Effective, 26th July 2015, the Company implemented a new methodology for calculating the allocation of Profit and Loss of trades that occur in accounts with an active cash bonus. For sake of clarification, please consider the following terms:

“Account Bonus Balance” refers to the portion of the Total Value of Your Account that is unavailable for withdrawal until the Minimum Trading Volume is achieved. This amount is calculated by adding the Active Bonus plus its Proportional Value of trading Profit and Loss.

“Account Cash Balance” refers to the portion of the Total Value of Your Account that is available for withdrawal at any time. This amount is calculated by adding the Net Deposits plus their Proportional Value of trading Profit and Loss.

“Account Summary” shall refer to the “My Account” section of the Trading Platform where a Client can see in real time the “Account Cash Balance”, “Account Bonus Balance”, “Total Cost of Your Open Positions”, and “Total Value of Your Account”.

“Active Bonus” shall refer to a Trading Benefit of a specific bonus amount that is deposited into a trading account that has a Minimum Trading Volume requirement, which is agreed upon between the Company and the Client. In certain cases where a Client has more than one (1) active bonus, all bonuses will be aggregated and treated as one (1) active bonus.

“Balance for Withdrawal” shall mean Account Cash Balance.

“Cumulative Trading Volume “refers to the aggregate volume of Transactions that the client entered into until a specific date.

“Minimum Trading Volume” shall refer to the minimum number of Transactions that the Client must enter into in order to convert a bonus into Cash.

“Open Positions” shall mean any open option contract (call and / or put) which has not been closed. In relation to CFD trading this may be a Long Position or a Short Position which is not a Completed Transaction.

“Proportional Value” is calculated by dividing the Net Deposits by the Net Deposits plus Bonus in order to determine the percentage of the Profit and Loss from trading that will be attributed to the deposits (in order to establish the Account Cash Balance ), while there is still an active bonus. 100 minus the Proportional Value determine the percentage of the Profit and Loss from trading that will be attributed to the bonus (in order to establish the Account Bonus Balance). Examples of how to calculate the Proportional Value can be found below.

“Symmetrical Bonus Method” is the process where the Company attributes profit and loss according to a Proportional Value.

“Time Restriction” is not relevant since the Client is not required to achieve the Minimum Trading Volume within a certain amount of time. For inactive accounts, a Dormancy Fee shall apply.

“Total Cost of Your Open Positions” refers to the value of all open Orders in the system.

“Trading Volume Requirement” shall refer to numerical multiplier used to calculate the Minimum Trading Volume. This multiplier can be up to fifty (50) times the bonus amount. For example, if a Client agrees to receive a $1,000 bonus with a multiplier of 50x, the Minimum Trading Volume will be fifty thousand ($50,000) in Binary Options Orders and sixty-two thousand five hundred ($62,500) in CFDs Orders. This means that every dollar ($1) traded in Binary Options is equal to $1.25 in CFDs and every dollar ($1) in CFDs is equal to $0.80 in Binary Options.

Example:

Binary Options Trading

CFDs Trading

Initial Trading Volume Requirement

$50,000

$62,500

If a trading account is used for trading both Binary Options and CFDs then the Trading Volume Requirement

for both Binary Options and CFDs shall be adjusted every time an order is placed as follows:

Trading Volume Requirement as adjusted after an Order is closed

Binary Options

CFDs Trading

If Binary Options Order of $1,000

$49,000($50,000-$1,000)

$61,250($62,500-$1,250)

If CFDs Orderof $1,000

$49,200($50,000-$800)

$61,500($62,500-$1,000)

As soon as the Trading Volume Requirement for both Binary Options and CFDs Trading is zeroed the Client shall be qualified to receive the award associated with the bonus granted.

Proportional Trading Volume Example 1 – One Deposit + One Bonus*

In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 40x. The client places 1 order per day and executes 10 orders on his account. As per the chart below, the client will be eligible to withdraw $5,200 at the time of his last withdrawal, which includes his initial deposit of $5,000 plus $200 in profit, since there is Minimum Trading Volume of $200,000 that was not achieved yet.

In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 40x. The client requests a withdrawal of $2,000 after placing 4 Orders on his account. As per the chart below, the Active Bonus of $5,000 in addition to $150 in Profit that was attributed as Proportional Value was cancelled when the Client requested a withdrawal prior to achieving the Minimum Trading Volume. Following these transactions, the Client is left with $3,150 to place orders or withdraw. It is should be noted that all future profits and losses will be applied to the Client since he no longer has an Active Bonus.

In the example below, the Client agrees to a $100 Bonus on his Deposit with a Trading Volume Requirement of 40x. As per the chart below, the Client achieves the Minimum Trading Volume after the 10th Order and therefore the Account Bonus Balance was converted to Cash and it became immediately available for Withdrawal.

Proportional Trading Volume Example 4 – Two Deposits + Two Bonuses*

In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 40x. The client requests a withdrawal of $2,000 after placing 4 Orders on his account. As per the chart below, the Active Bonus of $5,000 in addition to $150 in Profit that was attributed as Proportional Value was cancelled when the Client requested a withdrawal prior to achieving the Minimum Trading Volume. Following these transactions, the Client is left with $3,150 to place orders. The Client then places an additional Order where he loses $2,000. With a low balance, the Client decides to make another deposit and he requests another 100% bonus. Since the first bonus was cancelled when he withdrew funds, the Minimum Trading Volume and Volume Outstanding requirements were calculated on the 2nd bonus.

In the example below, the Client agrees to a $100 Bonus on his Deposit with a Trading Volume Requirement of 40x. As per the chart below, the Client loses 6 of 8 trades and decides to close his trading account. Since all profit and losses are divided according to the Proportional Value, the total losses of $274 were shared between the deposit (trader) and the bonus. Therefore, the client withdraw $272 from the account (=500-228).

*Bonus Examples are provided for illustration purposes only. In specific, Trading Volume is aggregated based on the Invested Amount only and does not include Profits/Returns in the calculation. For simplicity and ease, you can always check your updated activity via the “Trade History” tab within the “My Account” section.

GENERAL RISK WARNING: TRADING IN BINARY OPTIONS AND CFDs CARRIES A HIGH LEVEL OF RISK AND CAN RESULT IN THE LOSS OF ALL OF YOUR INVESTMENT. AS SUCH, BINARY OPTIONS AND CFDs MAY NOT BE APPROPRIATE FOR ALL INVESTORS. YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE. BEFORE DECIDING TO TRADE, YOU SHOULD BECOME AWARE OF ALL THE RISKS ASSOCIATED WITH BINARY OPTIONS AND CFDs TRADING, AND SEEK ADVICE FROM AN INDEPENDENT AND SUITABLY LICENSED FINANCIAL ADVISOR. UNDER NO CIRCUMSTANCES SHALL WE HAVE ANY LIABILITY TO ANY PERSON OR ENTITY FOR (A) ANY LOSS OR DAMAGE IN WHOLE OR PART CAUSED BY, RESULTING FROM, OR RELATING TO ANY TRANSACTIONS RELATED TO BINARY OPTIONS AND CFDs OR (B) ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL OR INCIDENTAL DAMAGES WHATSOEVER. FOR MORE INFORMATION ABOUT THE RISKS ASSOCIATED WITH TRADING BINARY OPTIONS AND CFDs PLEASE REFER TO OUR RISK DISCLOSURE NOTICE AVAILABLE ON THE WEBSITE.

Risk Warning

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Trading in Binary Options, Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.

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COMPANY INFORMATION: This website (www.24option.com/international) is operated by Richfield Capital Limited a Company regulated by the International Financial Services Commission with license number IFSC/60/440/TS/17 (click here).

RISK WARNING: Binary Options and Contracts for Difference (‘CFDs’) are complex financial products, the trading of which involves significant risks. Binary Options trading may result in the loss of your investment whilst CFDs trading, which are marginal products, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. Traders of Binary Options and CFDs do not own, or have any rights to, the underlying assets. Trading Binary Options and/or CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Richfield Capital Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Richfield Capital Limited is not a financial adviser and all services are provided on an execution only basis. Please read our Risk Disclosure Notice and Legal Documents before using our services.

REGIONAL RESTRICTIONS: 24option brand does not offer services to residents of certain jurisdictions such as the USA, British Columbia, Canada, Australia, Belgium, France and some other regions. Find out more here.

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